Stock Technical indicators to notice in OIL SANDS SECTOR FD (OISDF.PK)
1- Last bullish trend was from 5.80 $ (2/13/2012) to 6.54 $ (3/28/2012) a 0.74 $ move 2- The current bearish trend started from 6.54 $ at 3/28/2012 and is currently trading at 6.27 $.
4- OISDF.PK current resistance level is at 6.37 which is the 23.60 % fibonacci retracement of the last 0.74 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
OIL SANDS SECTOR FD (OISDF.PK) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 5.800 and 5.150 that was broken down at 6.270 transforming into a resistance line.
OIL SANDS SECTOR FD (OISDF.PK) Mid term stock chart patterns for internet stock trading :
None.
OIL SANDS SECTOR FD (OISDF.PK) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
OIL SANDS SECTOR FD (OISDF.PK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 6.33, 6.37, 6.37, 6.40, 6.44, 6.47, 6.54,.
Stock Support levels : 6.26, 6.17, 6.08, 5.80, 5.60,.